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Dec 28, 2012
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and probably does indicate that maybe we are reach something sort of end game of the fiscal cliff. >> this 400,000 number, professor dyson, this is not the president's number. this is way past the red line. i'm not reporting that it is happening. but i am reporting that it is being floated as another republican offer. if -- i want to be clear. these things move around. maggie, ju just laughing at me. >> the season to be jolly. it is friday. >> yeah. if we can't part take in the jolly who among us can? professor dyson, 400-k, if that's being floated and way past the red line for the re-elected president, what do you make of the politics of this? >> 401-k is right if that's what if you are trying to retire. that's ridiculous. the president's number, as you said was 250,000 if you are going to go old school street lottery. therefore, drew some advantage. the reality is that the president is arguing with, i think, the wind at his back and he needs to use his bully pulpit here. many democrats are afraid the president may squander too much in the attempt to be bipartisan. this congress is n
and probably does indicate that maybe we are reach something sort of end game of the fiscal cliff. >> this 400,000 number, professor dyson, this is not the president's number. this is way past the red line. i'm not reporting that it is happening. but i am reporting that it is being floated as another republican offer. if -- i want to be clear. these things move around. maggie, ju just laughing at me. >> the season to be jolly. it is friday. >> yeah. if we can't part take in...
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Oct 13, 2012
10/12
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lizzie mcdonald back with me on what she sees wall street ceo's doing. >> with a fiscal cliff just around the corner. we are seeing wall streeters coming out and making comments on the record. not just larry fink at black rock who warned of a 10 percent correction. but ceo's are sitting on the sidelines and not invest hiring . there is too much uncertainty about the debt and telling congress to get a move on and solve the problem . david rubenstein in one of the biggest private equity firm and founder of the carlyle group and this is what is happening. wall streeters are handicapping what they come out of the washington d.c. and he doesn't expect a grand bargain in the lame duck session . larry fink expects a deal in early 2013 and the most pointed comments are coming out of jamie diamond. he said congress missed an opportunity and virtually assure thad the treasury bond markets will lose patience with the u.s. congress and within two-five years and you will get a snap back and negative reaction from the treasury market who may not buy our u.s. bonds in force. there is a lot of feelings i
lizzie mcdonald back with me on what she sees wall street ceo's doing. >> with a fiscal cliff just around the corner. we are seeing wall streeters coming out and making comments on the record. not just larry fink at black rock who warned of a 10 percent correction. but ceo's are sitting on the sidelines and not invest hiring . there is too much uncertainty about the debt and telling congress to get a move on and solve the problem . david rubenstein in one of the biggest private equity...
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Dec 10, 2012
12/12
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so look, he can decide, i agree with senator schumer, we're not going to go over the fiscal cliff to use that terminology. something's going to happen before year end. hopefully it's a comprehensive package that solves our nation's problems then later, next year, we deal with tax reforms in a revenue neutral way. what i -- i'll stop. >> chris: hemorrhaginge >> this goes beyond the deal. why should congress give up it's constitutional authority over borrowing? we looked at your record when george w. bush was president. you voted at least three times against increasing the debt limit. why would congress give up that power? >> the bottom line is on debt ceiling, things shifted. i don't agree with bob corker on that issue. it shifted the way it has on taxes. senator mcconnell put on the floor a resolution that said it was his idea, not ours, that let the president raise the debt ceiling. it's money congress has already spent and let congress by two-thirds override it. he thought we democrats would run from that scared as could be. within a half hour we had 51 votes, we called his bluff a
so look, he can decide, i agree with senator schumer, we're not going to go over the fiscal cliff to use that terminology. something's going to happen before year end. hopefully it's a comprehensive package that solves our nation's problems then later, next year, we deal with tax reforms in a revenue neutral way. what i -- i'll stop. >> chris: hemorrhaginge >> this goes beyond the deal. why should congress give up it's constitutional authority over borrowing? we looked at your...
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Nov 3, 2012
11/12
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and in doing something like that getting the bipartisan support to, you know, detrigger this fiscal cliff, all of these spending cuts an tax increases that would otherwise happen at the end of the year? if it's mitt romney who gets elected, i think -- you know, he doesn't have that kind of plan on the shelf. we all know how big his economic plan has been in this campaign. i think there will be -- he will ask for and probably get agreement to as they say kick the can down the road. >> assuming the house stays where it is. >> they talked about delaying things for a year to give him time to put down his plan. >> to me the question is if we have an obama victory does senator mitch mcconnell come out chases saying look, it's time to cut the deal? and also what does paul ryan think. he will be the darling of the republicans. gwen: do we think that the well of the executive branch can be unpoisoned? >> i think so. i'm reasonably optimistic about the prospects that -- once we put the campaign 3w450eu7bd us, something's going to happen. it will be easier if obama is re-elected. boehner returns as
and in doing something like that getting the bipartisan support to, you know, detrigger this fiscal cliff, all of these spending cuts an tax increases that would otherwise happen at the end of the year? if it's mitt romney who gets elected, i think -- you know, he doesn't have that kind of plan on the shelf. we all know how big his economic plan has been in this campaign. i think there will be -- he will ask for and probably get agreement to as they say kick the can down the road. >>...
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Dec 12, 2012
12/12
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. >> yeah, but there's stimulus the white house wants as a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's right, and they were willing to do that in 2010 and were criticized, of course, by the base of the party because they felt so strongly about the stimulus measures. that shows how firmly the president is going to fight for those in the final package. >> i think there's so many reasons why boehner has to take a deal, though, in addition. if you look at the polls, 2 to 1, the public blames the republicans if there is no deal. and he's, meanwhile, gotten his tea party radicals, he's punished them for not following his line and his leadership. so, you know, look at wall street, they so far the market's
. >> yeah, but there's stimulus the white house wants as a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's...
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Sep 8, 2012
09/12
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pro-market growth-oriented policies this be place, we are going to hit a fiscal cliff not at the end of year. we're not going to be able to afford our interest payments. we're lucky our interest rates are so low. we're not the ugliest person at the beauty pageant, if you will. where are you going to put your money? people are putting it here. our interest rates are so low, we can borrow low. that's not going to last forever. we go back up to a long-term average of 6, 8%, we add a trillion dollars in debt service and cost to our interest in over ten years. the interest alone will swallow up half of our federal expenditures. we'll be paying china for their military. we can't allow that to happen. that's one of the reasons why we're so proud to do this book, is that we really are putting policies in place and gentlemen, regardless of who's president in january 2013, they're going to face the exact same problems we have today. somebody has to tackle it, and part of what this action-oriented institute's doing, this book is doing is putting those ideas out there so we can start having a di
pro-market growth-oriented policies this be place, we are going to hit a fiscal cliff not at the end of year. we're not going to be able to afford our interest payments. we're lucky our interest rates are so low. we're not the ugliest person at the beauty pageant, if you will. where are you going to put your money? people are putting it here. our interest rates are so low, we can borrow low. that's not going to last forever. we go back up to a long-term average of 6, 8%, we add a trillion...
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Dec 23, 2012
12/12
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>> you know, i think the fiscal cliff is a great nickname. but i think it is sort of greedy instance of an emergency. like if something doesn't happen by january 1, the entire economy will go into the next great profession. that's not really what's going to happen. there is some great degree of urgency. this is sort of a man-made crisis, i think. i don't think that we have this crushing budget issue that has to be dealt with at this precise moment, or the world will end. i think of seville at a very anemic recovery. there are a lot of people really struggling out there across the country. but our priority should be strengthening our safety net during times of economic duress. now is not the time, in my opinion, to be contemplating significant cuts in things that a lot of struggling working class people who have lost grip of the middle class, spending cuts that are talked about, it could really have a negative impact on people at a time when they need it most. i am much more concerned about increasing getting people out of poverty, rejecting t
>> you know, i think the fiscal cliff is a great nickname. but i think it is sort of greedy instance of an emergency. like if something doesn't happen by january 1, the entire economy will go into the next great profession. that's not really what's going to happen. there is some great degree of urgency. this is sort of a man-made crisis, i think. i don't think that we have this crushing budget issue that has to be dealt with at this precise moment, or the world will end. i think of...
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Sep 11, 2012
09/12
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the fiscal cliff is something that we did you want me to speak into this or this? i like holding the mic. we want to start to break this down topic by topic. what would it mean. i would like to start with frank and work our way back. people are starting to talk about the sequester in a serious way. but we were doing stores at politico, i kept getting the word sequester out of the story. now, people are starting to search it. what does this mean. canids are talking about at the swing states. -- candidates are talking about it in a swing state. can you give us an overview and walked to the mechanics? it does not mean all the money will be cut on -- on january 2013. it is this thing that happens over time. but there is a process started to unfold as some extent, especially with defense contractors to sit it will have to put out layoff notices. can you give us the real world perspective on how the sequester will work and why we need to start paying attention to a right now? >> this is castor -- the sequester, the defense will say about $55 billion cut in the first year
the fiscal cliff is something that we did you want me to speak into this or this? i like holding the mic. we want to start to break this down topic by topic. what would it mean. i would like to start with frank and work our way back. people are starting to talk about the sequester in a serious way. but we were doing stores at politico, i kept getting the word sequester out of the story. now, people are starting to search it. what does this mean. canids are talking about at the swing states. --...
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Sep 24, 2012
09/12
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cliff. mandatory budget cuts that would take effect in january if the gridlock congress finds no agreement on targeted cuts. >> something has to change so that both parties see that they have more to gain from doing than to the doing. and i think what will happen is when the election occurs, let's say the president wins. i believe he will. if he wins, then he can't run again, the calculus of the congress will change. they will be facing this fiscal cliff, and if doing exactly what it intended to do it will force them to concentrate. i believe there will be a lame duck session of congress in which they will either reach the beginnings of a budget deal or more likely agree to some sort of period of time to avoid the fiscal cliff and make the budget deal then. i think that as soon as this election is over the incentive for gridlock will go way down and the incentives for action will go way up. >> jeff: california could become the fifth state tow eliminate the death penalty if voters there appro
cliff. mandatory budget cuts that would take effect in january if the gridlock congress finds no agreement on targeted cuts. >> something has to change so that both parties see that they have more to gain from doing than to the doing. and i think what will happen is when the election occurs, let's say the president wins. i believe he will. if he wins, then he can't run again, the calculus of the congress will change. they will be facing this fiscal cliff, and if doing exactly what it...
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Nov 16, 2012
11/12
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>> well, my ideal grand bargain would be something that prevented going over the fiscal cliff, and it was nice to hear pleasant sounds in that regard today. you know, i was there when it wasn't enough to negotiate with john boehner because he couldn't bring his troops along. i'm not convinced he can bring a deal that includes new revenue back to the table. so i guess what i'd like to start seeing is more sounds from folks who have traditionally not been with their leader on the republican side making the same kinds of compromising noises from the leadership. >> peter, first off, i have to say at the risk of jinxing myself on the whole show, you're playing nicely together today. it's going nicely. >> it's a new era. >> we'll see. peter, i believe that a deal will be reached at some point in some way. if no deal is reached, what is the impact on the average person? >> that would be devastating, because their taxes would go up and the economy would tank at the same time. you simply can't withdraw $500 billion worth of spending from the u.s. economy by raising taxes and cutting government
>> well, my ideal grand bargain would be something that prevented going over the fiscal cliff, and it was nice to hear pleasant sounds in that regard today. you know, i was there when it wasn't enough to negotiate with john boehner because he couldn't bring his troops along. i'm not convinced he can bring a deal that includes new revenue back to the table. so i guess what i'd like to start seeing is more sounds from folks who have traditionally not been with their leader on the republican...
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Dec 5, 2012
12/12
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the practical side those members not at the table negotiating things like the fiscal cliff and the role is something to vote on and so getting back to their districts, some of them say to you having a chance to talk with voters at home is valuable. many of them have fairly packed schedules for events at home but then you have to weigh it against the appearance of people leaving the capitol and does that suggest to people at home they aren't really as nose to the grindstone as they might be? it's an eye of the beholder moment and when you talk about a lame duck congress, here we are with many of these members waiting to have their new colleagues come in this january and tackle some of the big problems and looming deadlines. how do they shake it snout over time we have seen that the lake duck sessions are sometimes not very productive. not a lot going on. but we're certainly heavily focused on it in the last couple of weeks because of the huge problems that need to be tackled. one of the big issues is anybody really talking about what to do with the fiscal cliff other than news conference
the practical side those members not at the table negotiating things like the fiscal cliff and the role is something to vote on and so getting back to their districts, some of them say to you having a chance to talk with voters at home is valuable. many of them have fairly packed schedules for events at home but then you have to weigh it against the appearance of people leaving the capitol and does that suggest to people at home they aren't really as nose to the grindstone as they might be?...
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Dec 27, 2012
12/12
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>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no matter what you say about what happened a year and a half ago, the president was part of that equation, right? he is the president of the united states. >> he is. but there are three branches of government. >> laura: accountability for that as well: that's for sure and the democrats didn't get around to actually passing a budget so we need to move on to that that guy, we are going to have the republicans have only so much leverage. in effect they don't have a lot of power here, do they? not really i think we learned that speaker boehner own party we can go back as you said to the debt ceiling debate. the onl
>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no...
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Dec 10, 2012
12/12
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so, the way i sigh it is right now he's focusing on the fiscal cliff. he will have to give in on entitlement issues and up to him to focus on how to make the left happy and do something with labor. a natural constituency. it will come after him if he doesn't do something about it. i think right now good politics on the issue. >> yeah, no. i tend to agree with that. he just has to show up. he wasn't as in the speech today as sort as explicit as i was led to believe this morning and the white house made it clear where he stands on this. i'm fascinated, also, by the politics of this within michigan and when's happening in michigan because this law which, you know, the final vote in the legislature will be tomorrow and the expectation is the republican governor will sign it and changes the political culture and just the working culture of michigan. talk about the right to work laws used to be just south carolina, used to be the old confederacy. to have it spread to the rust belt is dramatic. the story is governor rick snyder, republican governor, hard to be
so, the way i sigh it is right now he's focusing on the fiscal cliff. he will have to give in on entitlement issues and up to him to focus on how to make the left happy and do something with labor. a natural constituency. it will come after him if he doesn't do something about it. i think right now good politics on the issue. >> yeah, no. i tend to agree with that. he just has to show up. he wasn't as in the speech today as sort as explicit as i was led to believe this morning and the...
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Sep 22, 2012
09/12
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this fiscal cliff is something that is really holding the economy back. and our republican friends always talk about we need to do away with uncertainty. but they've created this uncertainty by refusing to negotiate essentially what most of us agree on. we all agree, boeing sides agragree -- both sides agree that a massive cut in federal spending now would impair the economy. it would destroy jobs. we also agree that we don't want to raise taxes on 98% of the american people. it's that last 2%, people making over $250,000 a year, where -- that is holding the hold negotiating process up. >> so if -- if there is no budge on this, it doesn't seem like as the people are watching this, that we're really going to get anywhere from you and your colleagues on the hill. but i want to get your reaction to what the congressional budget office had to say. the cbo say, "failing to prevent the sharp fiscal tightening at the beginning of the year could push the economy into recession." it is a fragile recovery now. last week the fed chairman ben bernanke warned of the f
this fiscal cliff is something that is really holding the economy back. and our republican friends always talk about we need to do away with uncertainty. but they've created this uncertainty by refusing to negotiate essentially what most of us agree on. we all agree, boeing sides agragree -- both sides agree that a massive cut in federal spending now would impair the economy. it would destroy jobs. we also agree that we don't want to raise taxes on 98% of the american people. it's that last 2%,...
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Aug 28, 2012
08/12
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tax cut. >> ifill: andy kohut, the fiscal cliff, are voters paying attention to that? is this something they'll make their decisions based on? that >> that hasn't registered yet. but the news has a way of spreading. it took a long time to the last time we had that deficit plan in... reduction plan in 2011 and in a matter of months that would become priority number one. and the public is concerned about the debt and record levels. but the same that comes through in survey after survey is jobs, jobs, jobs. we see no change in public confidence about the job situation improving. >> woodruff: to the extent there's any lack of clarity about governor romney's proposals for the economy and paul ryan's proposals which there's been a lot of conversation about that, how do you clarify that about people looking that the? >> there's only governor romney's proposals. he's running for president. and he congressman ryan are about the same page about the need to reform the tax code. but it's a romney economic plan. >> ifill: does that mean the ryan plan goes away for the purposes of t
tax cut. >> ifill: andy kohut, the fiscal cliff, are voters paying attention to that? is this something they'll make their decisions based on? that >> that hasn't registered yet. but the news has a way of spreading. it took a long time to the last time we had that deficit plan in... reduction plan in 2011 and in a matter of months that would become priority number one. and the public is concerned about the debt and record levels. but the same that comes through in survey after...
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Nov 27, 2012
11/12
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if we go off the fiscal cliff and all those good economic numbers turn south, the question is who's going to be blamed for this. a lot of what the president's doing now is making sure that he's not the one who's going to be blamed, that it will be the republicans. that, in turn, puts him in a better bargaining position. >> now, victoria, in 2004 president obama, after his re-election, said he earned political capital. but he wasn't able to accomplish some of his biggest second-term goals. let me show you what mr. bush had to say at that point. >> i earned capital in the campaign, political capital. now i intend to spend it. it is my style. that's what happened in -- after the 2000 election. i earned some capital. i've earned capital in this election and i'm going to spend it. >> but he spent it but he didn't get a lot of what he was trying to push done. is the president, by continuing to go out, continuing a campaign after election day, sort of learning also, not only from what he might not have done before, but what george bush and other incumbent presidents may not have done in their se
if we go off the fiscal cliff and all those good economic numbers turn south, the question is who's going to be blamed for this. a lot of what the president's doing now is making sure that he's not the one who's going to be blamed, that it will be the republicans. that, in turn, puts him in a better bargaining position. >> now, victoria, in 2004 president obama, after his re-election, said he earned political capital. but he wasn't able to accomplish some of his biggest second-term goals....
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Nov 27, 2012
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will they put their long-term interests over the fiscal cliff? i think that's one thing to watch out for. >> justin, before we let you go, in terms of the fiscal -- calling it a mole hill, curve, take your -- >> fiscal bump of various height depending on what side of the aisle you sit on, what are the ramifications if the president or congress decides to go over that to your mind? >> so, both a good side and bad side. if we let -- go over the fiscal cliff, it's going to solve our fiscal problems. the deficit will essentially go away. the bad side we're in a deep recession and the deficit will go away. this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress clubbing it over the head again, pushing us back down yet again. >> yet again. justin, thank you, sir, from the university of michigan. great to h
will they put their long-term interests over the fiscal cliff? i think that's one thing to watch out for. >> justin, before we let you go, in terms of the fiscal -- calling it a mole hill, curve, take your -- >> fiscal bump of various height depending on what side of the aisle you sit on, what are the ramifications if the president or congress decides to go over that to your mind? >> so, both a good side and bad side. if we let -- go over the fiscal cliff, it's going to solve...
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Nov 10, 2012
11/12
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going over the fiscal cliff means the end of the bush tax cuts. that would save $221 billion. but would raise most people's taxes by about 3500 bucks. reduces costs by $65 billion. general spending, including items on education and veterans benefits. a third cost redix, the payroll tax holiday expires. $95 billion saved there. and finally, emergency of employment benefits and health care and tax cuts, benefits saves the largest chunk there. that's $225 billion. if all of these cuts happen, the deficit improves by $607 billion. it would go down almost 40% but come at a hefty price. the economy would go over the fiscal cliff, sending the economy back into a recession. budget office projecting the unemployment rate could jump to 9.1% by the end of the year and that economic growth as well could shrink by half of a percent. i want to bring in bill schneider, chicago sun times washington bureau chief and columnist, lynn sweet. both big fans of "price is right," i understand. the president wants to keep the taxes and exit poll says 47% ironic number there, 47% says that there should
going over the fiscal cliff means the end of the bush tax cuts. that would save $221 billion. but would raise most people's taxes by about 3500 bucks. reduces costs by $65 billion. general spending, including items on education and veterans benefits. a third cost redix, the payroll tax holiday expires. $95 billion saved there. and finally, emergency of employment benefits and health care and tax cuts, benefits saves the largest chunk there. that's $225 billion. if all of these cuts happen, the...
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Dec 9, 2012
12/12
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i agree with senator schumer, we're not going to go over the fiscal cliff, to use that terminology, something will happen before year end. hopefully, a comprehensive package that solves our nation's problems and then, later, next year we deal with tax reforms in a revenue-neutral way. but i do not want to see us -- go ahead, i'll stop. >> chris: let me bring in senator schumer. and, this goes beyond simply the question of this deal. why should congress give up its constitutional authority over borrowing? you know, we looked at your record, when george w. bush was president, and you voted at least three times against increasing the debt limit. why would congress unilaterally give up that power? >> well the bottom line is, i think on debt ceilings, things have shifted. i don't agree with my good friend, bob corker on the issue. i think it shift the way it has on taxes and we just saw that. senator mcconnell put on the floor a resolution that said, it was his idea, not ours, that let the president raise the debt ceiling, after all it is money congress already spent, and, let congress, by 2/3, ov
i agree with senator schumer, we're not going to go over the fiscal cliff, to use that terminology, something will happen before year end. hopefully, a comprehensive package that solves our nation's problems and then, later, next year we deal with tax reforms in a revenue-neutral way. but i do not want to see us -- go ahead, i'll stop. >> chris: let me bring in senator schumer. and, this goes beyond simply the question of this deal. why should congress give up its constitutional authority...
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Dec 14, 2012
12/12
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what does he think of the fiscal cliff crisis? >> this fight, on the fiscal cliff is a sqirmish. >> when you are losing a big fight the fight of your life, pretend it is not important at all. that is now his performance choice as he sees his pledge becoming meaningless. as you can tell, from what you saw, he thinks he is a clever boy. very clever he is the kind of clever republican boy with no sympathies for any hardship he himself has not experiences and seems to have experienced none and thinks he can make jokes about blowing up small countries. he never considered joining the military himself. so people being killed in war and bodies being blown up that is a joke for him. he doesn't say those things because he is losing or desperate. because he is so often mean and inhumane. that is what allows him to be an, anti-tax fanatic. he cares about no one that he does not know or is not related to. he does not believe in community or a shared responsibility. he thinks that is communism. he does not care about one person on staten islan
what does he think of the fiscal cliff crisis? >> this fight, on the fiscal cliff is a sqirmish. >> when you are losing a big fight the fight of your life, pretend it is not important at all. that is now his performance choice as he sees his pledge becoming meaningless. as you can tell, from what you saw, he thinks he is a clever boy. very clever he is the kind of clever republican boy with no sympathies for any hardship he himself has not experiences and seems to have experienced...
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Nov 11, 2012
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cliff issues. >> make some substantive accommodation with them and/or put some-- maybe name a republican treasury secretary, say, or cabinet appointee or something like that. >> that may be, a republican treasury secretary, that may be going too far. look, i think the american people would like to see washington begin to handle successfully some of the problems that only washington can handle. >> paul: right. >> the federal budget, budget issues, et cetera. it would be good for the country and i think it would be good for the president if he started out now not with the old stuff and the old fight and the old don't push me on that, i'll go to the people and make you back down. >> paul: i won, you lost, my way or the highway. >> none of that stuff. something new. the left would accept it they're feeling so good. the right would be shocked and think, wow, maybe progress can be made. it would be a good thing. >> paul: all right, peggy, thank you so much for being here. still ahead, from taxes to immigration to energy, a look at president obama's second term agenda is a move to the middddddd
cliff issues. >> make some substantive accommodation with them and/or put some-- maybe name a republican treasury secretary, say, or cabinet appointee or something like that. >> that may be, a republican treasury secretary, that may be going too far. look, i think the american people would like to see washington begin to handle successfully some of the problems that only washington can handle. >> paul: right. >> the federal budget, budget issues, et cetera. it would be...
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Jun 8, 2012
06/12
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i thought something had to be done on the fiscal cliff before the election. nothing has to be done until the first of the year. so i think he should stick with his position and negotiate the -- i really was under the impression that they would have to do something before the election. i was trying to figure out how they would kick in before the election. when i realized nothing could be done until the first of the year. i support his position. i supported extending them. i think his is the right one and necessary if we are ever going to get a comprehensive deal. >> charles krauthammer puts president clinton on his couch and tries to explain what the former president is doing. >> i mean, i write for a living i have edited my day and edited lousy copy. i can't make heads or tails out of this. you have a raving lunatic -- excuse me, psychotic and comes in the door. he is speaking in word salad, this is word salad with vinaigrette on it. he is trying to rollback this idea. he contradicted idea on extension of the bush tax cuts. he knows he did. he is not changing
i thought something had to be done on the fiscal cliff before the election. nothing has to be done until the first of the year. so i think he should stick with his position and negotiate the -- i really was under the impression that they would have to do something before the election. i was trying to figure out how they would kick in before the election. when i realized nothing could be done until the first of the year. i support his position. i supported extending them. i think his is the...
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Jul 18, 2012
07/12
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cliff. well, of course, we've joined that chorus until we've been blue in the face over the past year. but the problem, of course, is that congress does not seem to have any intention of dealing with the tax cuts, debt ceiling, sequestration cuts, the things that comprise the fiscal cliff. congress seems to be incapable of doing its job, something that chuck schumer admitted at the hearing today. >> so given that the political realities, mr. chairman, particularly in this election year, i'm afraid the fed is the only game in town. and i would urge you to take whatever actions you think would be most helpful in supporting a stronger economic recovery. >> i like watching ben bernanke's face. he looks down as if his heart has been broken. he could cave. he could give us more easy money, drugs, he could do it in august, he could do it in september. but you know what, it isn't something to just root for, plain and simple. because you know what, the fed's cheap money drugs are not cheap. congress
cliff. well, of course, we've joined that chorus until we've been blue in the face over the past year. but the problem, of course, is that congress does not seem to have any intention of dealing with the tax cuts, debt ceiling, sequestration cuts, the things that comprise the fiscal cliff. congress seems to be incapable of doing its job, something that chuck schumer admitted at the hearing today. >> so given that the political realities, mr. chairman, particularly in this election year,...